RE: % of dry powder in your p/f1 Dec 2016 16:17
Afternoon traders, as per usual you are spot on Witty, that's exactly how I work it.
Being the sad individual I am I also run a forecast V returns spread sheet with graphs & totals for each share and top line with expected RNS dates and events posted in, for example I know 2 of my shares should spud a well within the next 2 weeks, have known it for months and so have built it into my forecast with my expected top slice date and I know exactly what I want to buy if and when it comes in.
Although it's updated at the end of every day, I tend to plan out in Quarters, for example I have AST as a target in late Feb for first production.
Things of course change and on the fly opportunities come up like Sep, which I consider an absolute punt, 20% downside but up to 100% or more upside.
Zombie day for my PF today, hope you are all doing better :)
QQ..flat again